3min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP535: Insights from the World's Top Money Managers w/ Kristof Gleich

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

Accenture's Continuous Improvement Program Is a Great Way to Improve Your Investment Process

Accenture has allowed us to be a bit more scientific with understanding some of those biases. And so then what we can do is we can go back to our managers and say, you know how you'll often tweak a position size? We've looked at every stock you've held on every day over the last ten years. If you know by tweaking with those positions, you've destroyed 30 by basis points of alpha, or you've created 20,. Then managers can understand what they're good at, where they're adding value, and where they're destroying value. The art of a great manager is not to reject that, to compound that knowledge into improvement.

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